IMAMAM
ActiveSummary
The computed 12-month bankruptcy probability of IMAMAM is 1.8% (moderate). The 2025 annual accounts show negative equity (-€72,985) and a net result of -€77,841. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 27% of 1329 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability17▼-32
Solvency20▼-5
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.08 against 0.02 in 2024; short-term debt: 46.1% and cash: 0.2% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-4.6%
Return on assets
-4.9%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year -€72,985
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
4 d early
2024
2 d early
2023
9 d early
2022
5 d early
2021
9 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 6 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 26 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
-€72,985
2024 · €4,857
Total assets
€1.6m▲ 15.0%
2024 · €1.4m
Net result
-€77,841▼ 225%
2024 · -€23,987
Working capital
-€667,121▼ 33.8%
2024 · -€498,679
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€1,807-€25,268€19,619▼ 22.4%-€13,458-€45,094▼ 235%
Net result-€6,333within the sector's middle half-€19,569within the sector's middle half€10,607within the sector's middle half▼ 45.8%-€23,987below the sector's middle half-€77,841below the sector's middle half▼ 225%
Equity-€1,333within the sector's middle half-€18,236within the sector's middle half€28,843within the sector's middle half▲ 58.2%€4,857within the sector's middle half▼ 83.2%-€72,985below the sector's middle half
Total assets€825,560within the sector's middle half-€803,816within the sector's middle half▼ 2.6%€772,170within the sector's middle half▼ 3.9%€1.4mabove the sector's middle half▲ 77.2%€1.6mabove the sector's middle half▲ 15.0%
Debt€826,893-€785,580▼ 5.0%€743,327▼ 5.4%€1.4m▲ 83.5%€1.6m▲ 20.8%
Working capital-€399,624below the sector's middle half--€410,036below the sector's middle half▼ 2.6%-€394,277below the sector's middle half▲ 3.8%-€498,679below the sector's middle half▼ 26.5%-€667,121below the sector's middle half▼ 33.8%
Solvency-0.2%within the sector's middle half-2.3%within the sector's middle half▲ 2.4pp3.7%within the sector's middle half▲ 1.5pp0.4%within the sector's middle half▼ 3.4pp-4.6%within the sector's middle half▼ 5.0pp
Current ratio0.08below the sector's middle half-0.02below the sector's middle half▼ 0.060.02below the sector's middle half=0.02below the sector's middle half▼ 0.010.08below the sector's middle half▲ 0.06
Return on assets (ROA)-0.8%within the sector's middle half-2.4%within the sector's middle half▲ 3.2pp1.4%within the sector's middle half▼ 1.1pp-1.8%within the sector's middle half▼ 3.1pp-4.9%below the sector's middle half▼ 3.2pp
above
within
below
the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €45,094 in 2025 against €13,458 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€1.5m ▲ 11.4%
Current assets
€58,885 ▲ 600%
Key figures and ratios
EBITDA
€15,487▼
2024 · €41,429
Cash flow
-€17,260▼
2024 · €30,900
Debt to equity
-22.57
Interest coverage
0.50▼
2024 · 3.89
Debt ≤ 1 year
€726,007▲
2024 · €507,091
Debt > 1 year
€921,169▲
2024 · €856,691
Income taxes
€1,734
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,167 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 95% are still going.
- Small
- 5 to 10 years old
- negative equity
- a small loss
2.0%
went bankrupt
2.8%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,167 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,788 | €33,216 | €33,016 | €54,886 | €60,581 | ▲ 10.4% |
| Other operating charges640/8 | €1,321 | €3,608 | €4,177 | €3,871 | €6,142 | ▲ 58.7% |
| Non-recurring operating charges66A | - | - | €6,044 | - | - | - |
| Gross operating margin9900 | €17,301 | €62,091 | €62,856 | €45,300 | €21,630 | ▼ 52.3% |
| Operating profit (loss)9901 | -€1,807 | €25,268 | €19,619 | -€13,458 | -€45,094 | ▼ 235% |
| Financial income75/76B | - | €594 | €807 | €126 | €25 | ▼ 80.4% |
| Recurring financial income75 | - | €594 | €807 | €126 | €25 | ▼ 80.4% |
| Financial charges65/66B | €4,526 | €5,495 | €6,164 | €10,655 | €31,039 | ▲ 191% |
| Recurring financial charges65 | €4,526 | €5,495 | €6,164 | €10,655 | €31,039 | ▲ 191% |
| Profit (loss) for the period before taxes9903 | -€6,333 | €20,367 | €14,262 | -€23,987 | -€76,108 | ▼ 217% |
| Income taxes67/77 | - | €798 | €3,655 | - | €1,734 | - |
| Profit (loss) for the period9904 | -€6,333 | €19,569 | €10,607 | -€23,987 | -€77,841 | ▼ 225% |
| Profit (loss) for the period to be appropriated9905 | -€6,333 | €19,569 | €10,607 | -€23,987 | -€77,841 | ▼ 225% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €825,560 | €803,816 | €772,170 | €1.4m | €1.6m | ▲ 15.0% |
| Fixed assets21/28 | €791,626 | €794,739 | €762,374 | €1.4m | €1.5m | ▲ 11.4% |
| Tangible fixed assets22/27 | €791,626 | €794,739 | €762,374 | €1.4m | €1.5m | ▲ 11.4% |
| Land and buildings22 | €754,373 | €762,967 | €742,243 | €1.3m | €1.4m | ▲ 8.9% |
| Plant, machinery and equipment23 | - | €910 | €706 | €501 | €297 | ▼ 40.7% |
| Furniture and vehicles24 | €37,253 | €30,862 | €19,425 | €34,766 | €72,337 | ▲ 108% |
| Current assets29/58 | €33,933 | €9,077 | €9,796 | €8,412 | €58,885 | ▲ 600% |
| Amounts receivable within one year40/41 | €4,176 | €1,829 | €662 | €4,462 | €53,236 | ▲ 1,093% |
| Trade receivables40 | €4,176 | €1,829 | - | - | €41,875 | - |
| Other amounts receivable41 | - | - | €662 | €4,462 | €11,361 | ▲ 155% |
| Cash at bank and in hand54/58 | €29,757 | €5,838 | €7,595 | €1,634 | €3,172 | ▲ 94.2% |
| Deferred charges and accrued income490/1 | - | €1,410 | €1,539 | €2,316 | €2,477 | ▲ 6.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €825,560 | €803,816 | €772,170 | €1.4m | €1.6m | ▲ 15.0% |
| Equity10/15 | -€1,333 | €18,236 | €28,843 | €4,857 | -€72,985 | ▼ 1,603% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€6,333 | €13,236 | €23,843 | -€143 | -€77,985 | ▼ 54,271% |
| Amounts payable17/49 | €826,893 | €785,580 | €743,327 | €1.4m | €1.6m | ▲ 20.8% |
| Amounts payable after more than one year17 | €393,336 | €366,467 | €339,254 | €856,691 | €921,169 | ▲ 7.5% |
| Financial debts170/4 | €393,336 | €366,467 | €339,254 | €856,691 | €921,169 | ▲ 7.5% |
| Amounts payable within one year42/48 | €433,557 | €419,113 | €404,073 | €507,091 | €726,007 | ▲ 43.2% |
| Current portion of amounts payable after more than one year42 | €26,527 | €26,868 | €27,213 | €27,563 | €55,919 | ▲ 103% |
| Trade debts44 | €8,946 | €2,215 | €6,425 | €19,000 | €26,972 | ▲ 42.0% |
| Suppliers440/4 | €8,946 | €2,215 | €6,425 | €19,000 | €26,972 | ▲ 42.0% |
| Advances received on contracts in progress46 | €16,824 | €6,746 | €4,114 | €6,314 | €6,489 | ▲ 2.8% |
| Taxes, remuneration and social security45 | €651 | €2,406 | €4,764 | €693 | - | - |
| Taxes450/3 | €651 | €2,406 | €4,764 | €693 | - | - |
| Other amounts payable47/48 | €380,609 | €380,878 | €361,556 | €453,522 | €636,627 | ▲ 40.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,333 | €19,569 | €10,607 | -€23,987 | -€77,841 | ▼ 225% |
| + Depreciation and write-downs630 | €17,788 | €33,216 | €33,016 | €54,886 | €60,581 | ▲ 10.4% |
| Operating cash flow (approximation) | €11,454 | €52,785 | €43,623 | €30,900 | -€17,260 | ▼ 156% |
| Investment in fixed assets (approximation) | - | -€36,328 | -€651 | -€652,739 | -€215,660 | ▲ 67.0% |
| Change in cash | - | -€23,919 | €1,757 | -€5,961 | €1,538 | ▲ 126% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€77,841
Net result drops to -€77,841, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €19,569
Net result €19,569 after one loss-making year.
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Jalhay · 1 establishment unit since 2021
Ground area
9,277 m²
Parcel 63068B2829/00A000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Imamam
since 20212.313.964.197
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63068B2829/00A000 | Wallonia | 9,277 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,005 companies in sector 55203 we hold annual accounts for 694. 227 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-02-2021
Fiscal year end31-12
Activities, NACEBEL 2025
55203Holiday cottages, homes and apartments
Contact
E-mail
n.denoel@icloud.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0763855501
Registered
08-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.